As a condominium owner, you have many benefits, but you are also exposed to unique risks. Unlike a single-family homeowner, you have a number of policies in force between your personal insurance and the community insurance. You need to make sure that this insurance overlaps so as not to let risk seep through the seams.
One of the most common claim scenarios we see at Galt Insurance Group with condo unit owners is damage caused by an adjoining unit. Have you ever wondered if the seasonal resident above you has turned off their water supply before heading back up north for the summer? It is impossible to know the answer for sure, which is why the agents of Galt Insurance Group will talk to you about how to protect yourself against unforeseen damage caused by an adjacent unit. Similarly, we always recommend turning off all water sources in your own unit, when you will be away for an extended period of time.
The master association policy likely offers coverage for common areas, but not for your individual unit. Our experienced agents can properly advise you in purchasing just the right amount of coverage to ensure that you are not overpaying.
Simply having the right amount of coverage is never enough. Do you have the right endorsements in place to cover you against mold, water back up, personal injury, or loss assessments? The devil is in the details of your insurance policy, so make sure you spare enough time for a proper review of your Condo Insurance with an agent of Galt Insurance Group.
Worried about costs? Don't be -- Condo Insurance can be very affordable and tailored to meet your exact needs.
Here are two reasons to act now!
- It is important for your protection to have your condominium insurance in place before any claims are made--not just from you but also from anyone else on the condominium property.
- We can provide you with a no-risk quote within one day. Contact us now to get a policy designed specifically for you and your situation.